2. After the American Revolution why was there a need to establish a stable banking system?
1 answer:
Answer:
Federalists wanted a
centralized banking
system and Alexander
Hamilton, as Secretary of
the Treasury, proposed a
national bank in 1789.
• Antifederalists, like
Thomas Jefferson,
opposed this plan.
– They favored a
decentralized banking
system in which states
established and
regulated banks within
their borders.
Step-by-step explanation:
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